Local Economic Development Act (LEDA)

Local Economic Development Act (LEDA)

This is a multi-year business expansion type project that would primarily reimburse you for job creation and allow you to spend funds on a variety of projected capital expenses, including manufacturing equipment, land purchases and more.  There are also a number of state tax credits available that may apply to your business and be of  benefit depending on your particular plans and goals.  For more information about tax credits, visit http://www.tax.newmexico.gov/Tax-Professionals/tax-credits-overview.aspx.  For more info about LEDA, visit https://gonm.biz/business-development/edd-programs-for-business/finance-development/leda/